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Which of the following is true if two indifferences curves cross each other on a preference map? If the curves are from the same rational
Which of the following is true if two indifferences curves cross each other on a preference map?
- If the curves are from the same rational individual, then they do not violate the assumptions of consumer choice theory.
- The curves are an example of consistent preferences.
- The curves are from the same rational individual.
- The curves would represent two different individuals.
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